Neos S&P 500(R) High Income ETF (SPYI)Derivative Income | Exchange Traded Fund | Cboe US
53.74 USD
-0.37
(-0.684%) ⇩
(Oct. 14, 2026, 11:47 a.m.
EDT)
|
Hot Take ↕ | Oct. 10, 2026, 3:25 a.m. EDT
The headline 1.44% yield is a misleading metric for this instrument; the recent distribution history reveals that nearly 94% of the reported payout was actually a return of capital, meaning investors are receiving their own principal back rather than true earnings. While the fund has successfully navigated the last three years with positive annual returns and no multi-year decline, the underlying strategy relies on selling options to generate income, which inherently caps upside potential and exposes the share price to volatility compression risks. The options market confirms this skepticism, with traders aggressively buying cheap put protection while ignoring the modest upside potential. For a retirement-focused investor seeking sustainable cash flow, this structure represents a significant erosion of capital disguised as high income. |
| Model | MAE |
|---|---|
| AutoTheta ✓ | 0.021661 |
| AutoETS | 0.022736 |
| MSTL | 0.023608 |
| AutoARIMA | 0.023711 |
Forecast horizon: 45 days | Selected: AutoTheta
| Forecast Reliability | |
|---|---|
| Score | 64% |
| H-stat | 0.58 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.081 |
| Excess Kurtosis | 0.46 |
| Attribute | Value |
|---|---|
| Trailing P/E | 24.45 |
As of Oct. 10, 2026, 3:25 a.m. EDT: Speculators are positioning defensively with heavy out-of-the-money put volume and open interest, particularly at strikes below the current price (50-53 range), indicating a fear of downside volatility. Conversely, call activity is concentrated near the money and slightly out-of-the-money, suggesting a preference for range-bound gains rather than a strong directional bet on a rally. The implied volatility skew shows elevated premiums for deep OTM puts compared to calls, reinforcing a 'crash protection' sentiment.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 1.02% | 12.10% | 12.16% | — |
| Date | Dividend | Yield % |
|---|---|---|
| 2026-09-16 | 0.534 | 1.017530 |
| 2026-08-19 | 0.542 | 1.011194 |
| 2026-07-22 | 0.530 | 1.003028 |
| 2026-06-16 | 0.531 | 0.999435 |
| 2026-05-20 | 0.535 | 1.006396 |
| 2026-04-22 | 0.525 | 1.008064 |
| 2026-03-18 | 0.510 | 1.019388 |
| 2026-02-18 | 0.522 | 1.003846 |
| 2026-01-21 | 0.531 | 1.016462 |
| 2025-12-24 | 0.532 | 1.004153 |
| 2025-11-26 | 0.522 | 0.996183 |
| 2025-10-22 | 0.527 | 1.013462 |
| 2025-09-24 | 0.527 | 1.013462 |
| 2025-08-20 | 0.518 | 1.016484 |
| 2025-07-23 | 0.511 | 1.003141 |
| 2025-06-25 | 0.505 | 1.012633 |
| 2025-05-21 | 0.506 | 1.041367 |
| 2025-04-23 | 0.462 | 1.011162 |
| 2025-03-26 | 0.506 | 1.038801 |
| 2025-02-26 | 0.514 | 1.014007 |
| 2025-01-22 | 0.517 | 1.000968 |
| 2024-12-24 | 0.516 | 0.991545 |
| 2024-11-20 | 0.521 | 1.008712 |
| 2024-10-23 | 0.520 | 1.016220 |
| 2024-09-25 | 0.515 | 1.009408 |
| 2024-08-21 | 0.556 | 1.100119 |
| 2024-07-24 | 0.509 | 1.026831 |
| 2024-06-26 | 0.505 | 1.006778 |
| 2024-05-22 | 0.500 | 1.009693 |
| 2024-04-24 | 0.489 | 1.007417 |
| 2024-03-20 | 0.501 | 0.999800 |
| 2024-02-21 | 0.497 | 1.018025 |
| 2024-01-24 | 0.490 | 1.008230 |
| 2023-12-20 | 0.485 | 1.012738 |
| 2023-11-22 | 0.478 | 1.006952 |
| 2023-10-25 | 0.465 | 1.015284 |
| 2023-09-20 | 0.490 | 1.019347 |
| 2023-08-23 | 0.486 | 1.000412 |
| 2023-07-26 | 0.505 | 1.009798 |
| 2023-06-22 | 0.497 | 1.008932 |
| 2023-05-24 | 0.487 | 1.024551 |
| 2023-04-26 | 0.482 | 1.023246 |
| 2023-03-22 | 0.466 | 1.009007 |
| 2023-02-23 | 0.472 | 1.004576 |
| 2022-12-23 | 0.461 | 1.002435 |
| 2022-11-23 | 0.478 | 0.994466 |
| 2022-10-26 | 0.465 | 1.002026 |
| 2022-09-21 | 0.485 | 1.031476 |
| Attribute | Value |
|---|---|
| All Time High | 54.47 |
| All Time Low | 41.6 |
| Ask | 53.79 |
| Ask Size | 4,500 |
| Average Daily Volume10 Day | 2,638,830 |
| Average Daily Volume3 Month | 2,712,792 |
| Average Volume | 2,712,792 |
| Average Volume10Days | 2,638,830 |
| Beta3 Year | 0.69 |
| Bid | 53.78 |
| Bid Size | 6,400 |
| Category | Derivative Income |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 54.03 |
| Day Low | 53.725 |
| Dividend Yield | 1.44 |
| Eps Trailing Twelve Months | 2.1980479 |
| Esg Populated | 0 |
| Exchange | BTS |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 53.6857 |
| Fifty Day Average Change | 0.054302216 |
| Fifty Day Average Change Percent | 0.0010114838 |
| Fifty Two Week Change Percent | 3.559804 |
| Fifty Two Week High | 54.47 |
| Fifty Two Week High Change | -0.72999954 |
| Fifty Two Week High Change Percent | -0.013401864 |
| Fifty Two Week Low | 47.77 |
| Fifty Two Week Low Change | 5.970001 |
| Fifty Two Week Low Change Percent | 0.124973856 |
| Fifty Two Week Range | 47.77 - 54.47 |
| First Trade Date Milliseconds | 1,661,866,200,000 |
| Full Exchange Name | Cboe US |
| Fullday Change | 0.030002594 |
| Fullday Change Percent | 0.055457663 |
| Fullday Price | 53.74 |
| Fund Family | Neos Funds |
| Fund Inception Date | 1,661,731,200 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Language | en-US |
| Legal Type | Exchange Traded Fund |
| Long Business Summary | The fund is an actively-managed ETF that seeks to achieve its investment objective by investing in a portfolio of stocks that make up the S&P 500® Index and a call options strategy, which consists of a mix of written (sold) call options and long (bought) call options on the S&P 500® Index. Under certain circumstances, the call options strategy may include transactions with covered call options. |
| Long Name | Neos S&P 500(R) High Income ETF |
| Market | us_market |
| Market State | REGULAR |
| Max Age | 86,400 |
| Message Board Id | finmb_1789795442 |
| Nav Price | 54.0944 |
| Net Assets | 12,248,726,500.0 |
| Net Expense Ratio | 0.68 |
| Open | 53.99 |
| Phone | 9,144,435,008 |
| Previous Close | 54.11 |
| Price Hint | 2 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | -0.36999893 |
| Regular Market Change Percent | -0.68379027 |
| Regular Market Day High | 54.03 |
| Regular Market Day Low | 53.725 |
| Regular Market Day Range | 53.725 - 54.03 |
| Regular Market Open | 53.99 |
| Regular Market Previous Close | 54.11 |
| Regular Market Price | 53.74 |
| Regular Market Time | 1,791,992,863 |
| Regular Market Volume | 1,394,846 |
| Short Name | NEOS S&P 500 High Income ETF |
| Source Interval | 15 |
| Symbol | SPYI |
| Three Year Average Return | 0.1781615 |
| Total Assets | 12,248,726,528 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing P E | 24.448967 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | 3.05771 |
| Trailing Three Month Returns | 3.05771 |
| Triggerable | 1 |
| Two Hundred Day Average | 52.688824 |
| Two Hundred Day Average Change | 1.051178 |
| Two Hundred Day Average Change Percent | 0.019950682 |
| Type Disp | ETF |
| Volume | 1,394,846 |
| Yield | 0.014400001 |
| Ytd Return | 10.85081 |